Macro Update - Robust growth maintained despite rising external and domestic challenges
  • 2020-01-08T21:21:09
  • Macroeconomics
Vietnam achieved 7.02% economic growth in 2019. Despite a high base in Q4 2018 – and in addition to a global slowdown and sluggish performance of the domestic agriculture sector that dragged down growth in Q4 2019 – Vietnam’s GDP still grew 7.02% in FY 2019 (Q1: 6.82%; Q2: 6.73%; Q3: 7.48%; Q4: 6.97%). This result surpassed the Government’s target of 6.8% and is in line with our expectation. We expect Vietnam to stand out as one of the world’s fastest growing economies over the next few years wi